Flputnam Investment Management Co. Takes $264,000 Position in Uber Technologies, Inc. $UBER

Key Points

• Flputnam Investment Management Co. acquired a new stake in Uber Technologies, Inc., purchasing 3,626 shares valued at approximately $264,000 during the 1st quarter.
• Uber reported a EPS of $0.63 for the latest quarter, surpassing the consensus estimate of $0.61, with revenues up 18.2% year-over-year to $12.65 billion.
• Several analysts raised their target prices for Uber, with projections reaching as high as $117.00, reflecting a growing confidence in the company's future performance.

Flputnam Investment Management Co. purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 3,626 shares of the ride-sharing company's stock, valued at approximately $264,000.

Several other hedge funds and other institutional investors have also modified their holdings of UBER. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $27,000. Kozak & Associates Inc. boosted its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies in the 1st quarter valued at about $27,000. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the 1st quarter valued at about $27,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of UBER stock traded down $1.09 during midday trading on Friday, reaching $90.89. 20,364,649 shares of the company were exchanged, compared to its average volume of 14,781,707. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The company has a market cap of $189.54 billion, a P/E ratio of 15.48, a PEG ratio of 1.05 and a beta of 1.43. The company's 50 day moving average price is $92.42 and its two-hundred day moving average price is $84.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the firm earned $0.47 EPS. Uber Technologies's revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,696 shares of company stock valued at $4,632,774 over the last quarter. Company insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Susquehanna lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a report on Thursday, August 7th. Canaccord Genuity Group reissued a "hold" rating and set a $84.00 target price (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. UBS Group boosted their target price on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Cowen reissued a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $103.06.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.